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    2648 Prairie Ave Beloit, WI 53511

    For Lease
    $20 SF/Yr ($5,333 /Mo)

    Restaurant space, high traffic area, 3200 sq ft

    Lot size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 3,200 square foot retail space, formerly Fiesta Cancun, is ideally situated at 2648 Prairie Avenue in Beloit, Wisconsin, 53511. The single-tenant property sits on a 0.91-acre lot and offers ample parking with 55 spaces. The building's excellent location boasts high visibility and significant traffic, with Wisconsin Department of Transportation counts indicating 14,000 vehicles per day on Prairie Avenue. This prime location is surrounded by a variety of established businesses and amenities, including Ace Hardware, Goodwill, Fastenal, McDonald's, KFC, Pizza Hut, Mercy Clinic, Beloit Memorial Hospital & Clinics, Kwik Trip, Casey's, Badger Spirits, Aldrich Middle School, Scooters Coffee, Dunkin', and a new Starbucks currently under construction. The entire 3,200 square feet is currently vacant, presenting a unique opportunity for a new restaurant or similar retail business to establish itself in a thriving commercial area. The property's size and location make it an attractive option for a variety of retail concepts.

    Property Features for 2648 Prairie Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,200 SF
    Total Rate
    5333.33

    Unit(s) available at that property

    Space
    Size
    3,200 SF
    Rate per SF
    $20

    HighLights

    • 3,200 SF building on a 0.91‑acre lot.
    • Completely remodeled exterior.
    • 55‑space on‑site parking lot.
    • Move‑in ready vacant interior.
    • Suitable for two 1,600 SF retail or restaurant spaces, or a single 3,200 SF tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.01156402364
    Latitude
    42.542687240704

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    FAQs

    What type of property is this?
    Retail property - Restaurant space, high traffic area, 3200 sq ft
    Where is this retail property located?
    The property is located at 2648 Prairie Ave Beloit, WI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 3,200 SF building on a 0.91-acre lot.; Completely remodeled exterior.; 55-space on-site parking lot.
    Request Owner's contact information
    2648 Prairie Ave Beloit, WI 53511
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    Beloit, WI 53511
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2648 Prairie Ave Beloit, WI 53511
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